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4-Traders Homepage  >  Equities  >  DOHA SECURITIES MARKET  >  Doha Bank QPSC    DOBK   QA0006929770

DOHA BANK QPSC (DOBK)
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Doha Bank : opens 28th branch in Doha Festival City

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11/22/2017 | 04:34am CET

Asif Iqbal Doha In another step aimed at further strengthening its domestic footprint, Doha Bank inaugurated its newest branch in Doha Festival City recently. The 28th branch was inaugurated by its Chairman Sheikh Fahad bin Mohammad bin Jabor al Thani, in presence of Managing Director Sheikh Abdul Rehman bin Mohammad bin Jabor al Thani and Chief Executive Officer R Seetharaman The new branch is open from 9 am to 2.30 pm and 3.30 pm to 9 pm from Saturday to Thursday and from 4 pm to 9 pm on Fridays. "We are confident that our customers will immensely benefit from the banking services offered at our new branch," Seetharaman said. "The opening of this branch is a giant leap towards our strategic goal of becoming the bank of choice for customers across the country," he added The chief executive said DFC branch was the last branch the bank would open this year, but vowed to continue its focus on e-banking facilities. "As the preferred banking partner for customers in Qatar, Doha Bank has taken a steadfast approach to expanding its presence in the market and widen customers' access to its full spectrum of industry-leading services and solutions," Sheikh Fahad said. "Celebrating the opening of this new branch at Doha Festival City, which is fast becoming one of the busiest shopping destinations in Qatar, will enable us to better assist our growing customer base and allow them to access our services conveniently and while on-the-go in a strategic location," he added. "Doha Bank strives to offer services that meet and exceed the expectations and banking needs of our customers. The opening of the new branch is in line with our vision and endeavour to reach out and enhance accessibility to them. It is heartening to see that our network is growing month after month to enhance our nationwide presence whereby everyone in Doha has easy access to our services," said Sheikh Abdul Rehman said.

(c) 2017 Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( QAR)
Sales 2017 2 829 M
EBIT 2017 1 737 M
Net income 2017 869 M
Debt 2017 -
Yield 2017 7,69%
P/E ratio 2017 9,12
P/E ratio 2018 8,92
Capi. / Sales 2017 2,94x
Capi. / Sales 2018 2,82x
Capitalization 8 325 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 29,2  QAR
Spread / Average Target 8,7%
EPS Revisions
Managers
NameTitle
Raghavan Seetharaman Group Chief Executive Officer
Fahad bin Mohammad Jabor Al-Thani Chairman
Lars Gunnar Head-Operations
David Challinor Chief Financial Officer
Mohammad Abid Mohammad Hanif Head-Information Technology